Kleptocracy Daily: July 13, 2017

DETAILS

A Singapore court sentenced a former banker to 4.5 years in prison after he pleaded guilty to a money laundering offense linked to his handling of allegedly misappropriated funds from Malaysian fund 1MDB.

“It’s true that foreign nationals and governments are prohibited from contributing to candidates and political committees. However, the confluence of loopholes..allowed for an opening for anyone banned from donating — including foreign governments and nationals — to spend unlimited amounts of money in U.S. campaigns. And they can keep that spending secret.”
-Denver Post op-ed